What are the advantages of IGST Model?
Question 5
Bill
Overview of the IGST Act
Faq On GST (2nd Edition) Dated 31.3.2017
Q 5. What are the advantages of IGST Model?
Ans. The major advantages of IGST Model are:
a. Maintenance of uninterrupted ITC chain on inter-State transactions;
b. No upfront payment of tax or substantial blockage of funds for the inter-State seller or buyer;
c. No refund claim in exporting State, as ITC is used up while paying the tax;
d. Self-monito
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